Company Branches

Is there any way to create multiple branches for a company? For example, we service multiple branches of a company, each which has branches/sub-divisions shooting off of the main headquarters. It would be great to have the primary headquarters listed as the main company and then the secondary wings/locations nested under the main company headquarters. While you can create each individual branch as a separate company this creates some unnecessary redundancy- especially when certain traits are shared but alternative traits such as geographical location may be different.

Am I missing a way to configure this appropriately in Service Desk?